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1% Finance Deal on Brand New NISSAN Cars

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1% p.a. comparison rate finance on many BRAND NEW NISSANS.

There are most likely some fees involved.

I suspect that you would have to pay the ticketed price and any negotiations on price would be limited, but I'd love to be corrected on this.

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Nissan Australia
Nissan Australia

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  • +9

    FYI, the special rate is available on a 36 month term only. However the 1% comparison rate is based on a 60 month loan.

    • +2

      2 years ago, Nissan was doing 0% for their new car range and I bought one.

      yes, it is 3 years only but if you planned to pay off in 3 years, it is a bargain.

      Because the finance deal was not directly from Nissan, so there is no catches with the purchase price, we managed to negotiated it down by $8000.

      And we had shopped around with 5 different dealers in Sydney, it was at least 3K off our 2nd best bargain price before we sign up.

      so, go for it guys, if you needed a car, I am still 1 year to go with my 0% for now so no new car for me :)

      • I brought a new car about 3 years ago on a 3% / 5 year deal they had.
        The finance was through Nissan Financial Services Australia (NFSA).

        I don't have any problems with NFSA. They are pretty straightforward to deal with.

  • +8

    and read the fine print. checked out one of the cars and this was part of the terms.

    monthly repayments of $362.87 and a final balloon payment of $12,495.00

    • +1

      what car.

      • +3

        what a question?

        • +5

          i meant what car is $362pm. sound perfectly fine $362 and final $12k for a $24k car.

        • @damoo:
          you know I was asking a question.

        • +15

          @PVA:

          I weep for the future.

        • +14

          @PVA: @PVA. I'm not one who think the punctuation pedants and spelling Nazis should be given much attention however, the way text-speak and abbreviations have taken over much of online conversation leaves a lot to be desired for those of us who WANT to understand what you are saying. In the end, it is your responsibility to make yourself understood and a question is not a question without a question mark. Of course, finding the question mark on your phone may just be too much trouble :/
          @damoo He did use punctuation. It was just incorrect :(

        • @bigpallooka:

          y u no understand.

        • +2

          funny thing is, we still don't know what car it is

        • @Da dpG:

          what car.

          Sounds like it might be a Nissan Leaf.

  • +4

    Be wary of compulsory Loan Protection Insurance and top shelf Comprehensive Insurance. Total premiums of these products are usually tacked on to your total amount financed … when the contract is over your total amount payable ends up being more than regular market rates.

    • +6

      No financier can include "compulsory" Loan Protection Insurance ,the applicant has the choice to include insurances into the amount financed or not , for a financier to make it compulsory is highly illegal under National Consumer Credit laws.

      • +2

        sure, but there is a fine line between making it compulsory and implying that it is "just what's done"

        • +4

          The fact remains that it's not compulsory , and to make it so ,is illegal.

      • +3

        While insurance may not be "compulsory," there is a lot of "the only way we'll be able to provide finance is if we attach loan protection insurance".

        Or a dealer may just include it in your contract - my understanding is you have to actually "opt out".

        The only way for a financier to make money of these deals is to drive up the financed amount as high as possible. Insurance premiums, extras, and no discounts.

        If somebody has squeezed a great deal out of these offers I'd love to hear about it.

        • +12

          I'm a licensed finance broker , and arrange car loans for my clients everyday in my job.

          It's not true that you have to "opt out" .It's illegal to be told "the only way we'll be able to provide finance is if we attach loan protection insurance", and ASIC will impose severe penalties if this was reported to them.

        • +11

          @frugalfred: I work car finance complaints with one of the top four banks. I spend my days negotiating refunds so people don't contact the financial ombudsman. Twelve months from now, when customers get their annual statement and realise what they've actually financed with these 1% interest deals - I'll end up talking to them.

          I absolutely agree with you - but what ends up actually being done is often completely different.

        • +4

          @Lucky Luke:

          No doubt there are unscrupulous dealers out there that aren't playing by the rules , but your original post stated that Loan Protection insurance was "compulsory" , it's important for anybody reading this to know that it isn't.

        • +2

          @frugalfred: Agree.

        • +5

          @Lucky Luke: I financed my Renault with them (Nissan Financial Services - Renault own about half of Nissan so use NFS for Renaut financing ) when they had the 1.9%offer a few years ago. Did not have to take any insurances with them and it was a genuine deal. No fees or charges.

        • @frugalfred:
          Im curious to know what kind of training or qualifications are involved in being able to call yourself a 'licenced financial broker'?

        • +9

          @damoo: This guy! Complains about punctuation, then forgets to place an apostrophe. LOL.

          Good question though, I was wondering the same.

        • +5

          @ozkiwi75: Let he who is without apostrophe cast the first stone ;) (that's a winky face emoticon not my punctuation gone wild!)

        • @ozkiwi75:

          omgz rofl. dats totes mbarssing!

          You got me kiwi, well played.

          winky face

        • I have a car financed from Nissan finance, at 1.99% comparison rate. I did not pay any application fee, or finance insurance. Only thing compulsory was to have comprehensive insurance, else they will not let me take car out of the show room (which is fair enough). They did not worry about what is covered in the comprehensive insurance, as far as that was comprehensive insurance. of course, they would have objected if I had covered for only half the value of the car. What I mean is they were reasonable in asking for comprehensive insurance.

          I paid less than $800 in interest on 31k finance. Nissan is good at 1% and 2% finance from my experience. It is through their finance company, which is set up to accelerate sale and not make profit from finance, I believe.

        • @perilious2:

          Wouldn't your comprehensive insurance only last you the first year? Or is there a clause where if you didn't for the second and third year, the deal's off?

        • @quarrymaster:

          it would be during the life of the car loan, as during that time, the loan company owns the vehicle.

      • Really? Not saying you are wrong and love to for you to be right but I was pretty sure that if I take out a home loan with less than 20% deposit or equity then the bank forces me to have mortgage indemnity insurance (compulsory loan protection?) Also had a friend (quite a while ago so thinks may have changed) who tried to take out a motor vehicle loan for a motorbike from a bank and was told he needed compulsory comprehensive insurance on the motorbike ….which he didn't have enough money for….so he walked out then walked back in and just got a "personal" loan for the same amount….hehe (Oh and I think he did crash the bike at a later date too….but not sure what happened with insurance at this point)

        • That's lenders mortgage insurance. A completely different thing. It protects the bank, not you

        • @antt: Yes I know that but effectively it is "compulsory loan insurance" right?…..its compulsory (tick) ….and its loan insurance (tick)

        • @sutts:

          Yes, but you are talking $30k vs $500k so there's a good reason for the insurance.

        • Bank would want comprehensive insurance for any secured loan. Your friend would have taken out an unsecured personal loan at a higher rate (most likely).

        • @sutts:

          Mortgage insurance is not loan insurance. It is protecting the security value for the financier not the customers repayments.

  • +13

    Could do with an offer for GTR but none I can see :(

    • +11

      Group Buy!

      • +1

        Add me to that group :)

  • +5

    You would have to pay full rrp for that sort of rate, there'd be no discount on price.

    • +12

      not to mention you can save an instant 30% off any car by letting someone else drive it out of the showroom.

      • +16

        I have often heard this phrase, that a vehicle loses X% of its value as soon as it's driven out of a showroom. X is usually 25 to 33%. However, I have yet to see a customer actually be able to BUY a vehicle 25% off in this state, including at private sale.

        • +3

          This.
          I'm in the market for a used vehicle. Cars that are five years old are barely 33% off new prices.

        • +3

          @WaywardOne:

          Granted- 30% off after one year is worst case… but certainly happens with most expensive/prestige and/or large cars.

          Choice state a pretty good rule of thumb of 14%/year for the first 3 years, then 6-8% a year after that… which holds up pretty well in most 'normal' cases.

          http://www.choice.com.au/reviews-and-tests/transport/cars/bu…

          Point being- depreciation is far and away the biggest running cost of a car.

        • I bought an 8 month old Passat with 18000kms for $38,000. Optioned new price was $67,000.
          Close to 45% saving.

        • In 2007 I bought a 2007 model Lancer with 5000k on the clock for $14800 by private sale. Car yard price was $21000.

    • +11

      i bought two of my nissans on 0% and 1 %..The first one was quoted $44000 at 3 of my local dealers and ended up getting it for $38500 at 0%..The second one was quoted $29000-$30000 at many dealers and ended up getting one from country for $24000 at 1 %..So i would suggest to try your best ozbargain skills to find the cheapest price either in carsales or through any other way and work around that price..Once you get your absolute minimum quote before signing in the contract,take any advance money you are planning to pay to your local dealer and give it a last try to reduce the last quoted price by $1000 or $2000…I think no dealers would lose a customer if the offered price is something they can accomodate..Happy hunting to anyone going to bite the deal.

      • +3

        It all depends on time of month, and what was really included in your prices. In every quote was it a) 6 months rego or 12, b) brand new or demo (even recently licensed, and c) was it the year before or the current years model.

        This and a few other things can actually determine how real the difference was between those quotes.

        Also if you told the first guy you were shopping, he wouldn't have given you his best price, but of course the guy that's 1hr away from you would offer it just to mess with the first 3.

        Source - I'm the guy that will tell you rrp if you tell me you're shopping around town.

        • +11

          That may be true in that you get told RRP when asked, but I am the kind of customer where you get one shot and one shot only. If you are quoting RRP and not even looking like offering any discount then you will be crossed off the list straight away.

          I have been known to purchase from dealerships 3000km away and factor in freight to get the best deal.

          Last vehicle I purchased I saved $7,000 below the next closest quote and managed to get it under the luxury car tax threshold. (It wasnt a Nissan ;) )

        • +1

          Well you would lose the sale then?

        • +2

          damn! i have never paid rrp for the 4 cars i've bought.

          take at least 10% off and have a bunch of freebies

          a female frd of mine bought a car at rrp and insisted u cant get it any cheaper than that. i didnt have the heart to tell her she sux. lol

        • +3

          @robb6014:

          There is always that possibility.

          What people need to realise is asking 'best price' is an old fashioned bargaining chip that doesn't work any more. Going in with a price in mind, and being willing to actually sign on the dotted line for that price, that's how you'll get your deal and it would happen sooner rather than later.

          Also as I said, be prepared to buy a car on the lot, not ordered in.

          Dealers can quote all sorts of different prices, but if you're not prepared to buy right there and then at the price you want, then have fun with the other dealers around town ;)

        • @syl:

          I don't even ask dealerships, I just find their best advertised price and done… I don't negotiate.

        • +1

          @kronicmacstigator:

          You would lose out, as they would go lower and add extras or offer drive away.

        • @Cantdecide: umm, I thought luxury car tax was decided on the RRP, so it either is or is not a luxury car with luxury car tax applied to final sale price (and then any parts for it too, have luxury car tax).

          Maybe I don't understand your comment?

        • +1

          @neil aus: Maybe you dont understand LCT. LCT is applied to the value of the vehicle which is above the threshold. It is currently 33% of the gst exclusive component above the threshold. So for every $1000 above threshold you must pay $330 tax. Unfortunately this includes any additions you get put on at time of pur hase such as bull bar or tow bar or driving lights etc. To get around this though just organise to get them fitted at a later date.

          The value of a vehicle is the total sale price and not the RRP.

      • +1

        Oh and to add to that, Nissan are suffering right now. Not 1 of the cars has a great market share or selling huge amounts. Been like that for 6-12 months. Bit like Mitsubishi, they're middle of the road at best. So yes, dealers will be very happy to do a deal if it's a car they have in stock.

      • @jibupaul
        may I know if you bought it in VIC/NSW/QLD/WA or else?

  • +7

    I drive Nissan but it's a shame everything they sell bar the expensive 370z and GTR is pretty limp wristed :(

    • And what normal brand (except lux brands and supercar brands) doesnt have a range of cars for every cross section of population with 1 or 2 hero cars? Not a problem of Nissan, it is fact of entire industry to sell vehicles.

      Fact is not everyone needs a GTR and car companies have to be profitable.

      Disclaimer: J31 here with the 3.5L. Definitely enough power to get around.

      • +1

        Keyword is: expensive

        I KNOW how much car parts cost these companies. It's not much… they put a big song and dance on about a new paint job, a new front and rear bumper and a chrome exhaust tip but no 'meat'. No stiffened springs with uprated shocks, no tuned suspension bushes, no proper exhaust systems, or upgraded/bigger brake/pad combos…

        They'd rather make people pay big bikkies to get a sports car that is usually impractical…

        If they did it properly they could easily make a sports model quite profitably for not much more.

      • +34

        Fact is not everyone needs a GTR

        Wrong.

      • not everyone needs a GTR but it's one of the most practical supercars out there, so if a sedan is what you need, you can also make a good case for getting a GTR ;)

    • curious what you would think of the infiniti q70 hybrid (from what I understand, same skyline platform). i am looking at that.

      i like the idea of going fast but cheaper.

      other than the fact that it's much cheaper and has more power than the gs350h.

      • +2

        import it
        it's nearly half price

        • But SEVS compliance… is it available?

        • Import the lexus or infiniti?
          Like the other poster said what about regulation barriers?

        • @slowmo:

          infinite cars are lot cheaper.. but of course it's not brand new.

          try ironchef import. gd reputation.

  • +5

    i dont know… i like the r34 skyline… not the later models. too curvy for my liking.

    • +5

      I'll pay that, but the engine, drive train, suspension, electrical wizardry and price of the new Skyline is just incredible.

      It's still Godzilla.

      • -3

        idk, the older skylines, i know how to identify them… .the newer ones, there are so many different 'types' of skyline.. to the point it's really annoying.

        • The R35 GTR dropped the Skyline branding altogether. That ought to have simplified things, no?

        • They dropped skyline because they don't want to be associated with (profanity) skyline drivers

        • Just because the mind of slowmo can't differentiate between the few models (much fewer than say of a BMW 3 series of any given generation) that doesn't make it annoying. That's rather a reflection of your abilities than Nissan's nomenclature.

        • @wasabinator:
          The skyline branding came back. Has nothing to do with the gtr though. (Somewhat)

        • @c0balt: it's annoying because i have trouble picking the right one to buy. Throwing insults like a fan boy?

          The negs just shows how petty people can get with cars.

        • @zomg: you can drive a bus and still be a d head. It's not the car.

        • +1

          @slowmo:

          I drive a 2006 e90 BMW 325i and before that a Honda.

          The negs are because of your reasoning, not 'fanboys'. You're clearly ~NQR~.

        • @c0balt: that's your opinion.everyone is free to have one. Don't care what you drive, i am looking for my next car so say whatever you like.

  • +7

    I thought the OzBargain way was to avoid rapidly depreciating assets and buy them when they're 1 year old and 2/3rds the price?

    • +3

      Not really.
      The real "Ozbargain way" is to buy a car you never planned to because it was a deal too good to refuse. :)

  • -1

    1% p.a. comparison rate finance on many BRAND NEW NISSANS.

    I'd rather get an up front discount on the price of the car…

    • +3

      why not get both?
      i did price match and haggled and got 0% comparison rate for my toyota.

      worst they can do is say no and you can walk away and wait for them to catch up :P

  • +1

    Can anyone confirm if this rate can be used for novated lease. Or we only have to go with novated lease rates

    • I can't confirm with authority, but I'm pretty certain you couldn't. Only way to find out for sure would be to ask the lease company. Good luck though!

      • Am also tossing up b/w novated lease and this option. Just dropped an enquiry to a lease company to see how their quote compares.

      • +1

        This is correct. Also, leasing companies and the financiers are under no obligation to disclose the interest rate. In most cases, the leasing company is seperate to the financier and from what I have seen the financier will charge a much higher rate than your standard car loan and the leasing company will have a rate on top of that. This can be offset by your potential income tax savings and gst, but as always, seek financial advice.

    • 0% chance. Same as the interest rate!

      How will the leasing company make money?

  • -2

    toyota brand is better in this deal as the brand holds the value well, so comes ballon payment and trade In time, you end up paying fair balloon payment againsT depreciated value of Toyota brand . That's my 2 cents

    • +26

      But the Corolla is an overpriced bar fridge, the Camry is an overpriced fridge, Aurion is an overpriced French door fridge, Prius is an overpriced portable fridge, Hilux is an overpriced cool box from the 50s ;)

      They have good resale in 'some' models purely because we have an aging population and the retirees need to drive something!

      • "Like " your comments :)

      • -2

        So Are other Jap cars. Lack of souls.

        • Japan may be lacking in souls, but not from here

        • @Baysew: 404 - PAGE NOT FOUND

        • @fchis: Now fixed

        • @Baysew: that's too much souls.

      • +4

        So Lexus is also just an overpriced fridge with an Armani suit?

        • Yep.

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